A resident of Ryazan received 11 years in prison for laundering bitcoins and drug trafficking

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In the Ryazan region, a man was sentenced to 11.5 years in a penal colony for drug trafficking and legalizing illegal income in bitcoins on a particularly large scale. This was reported in the press service of the Prosecutor's Office of the Ryazan region.

The decision was made by the Ryazan Regional Court. Earlier, the Ryazan Regional Court issued an acquittal in this case, but in June it was overturned by the Supreme Court.

"The defendant, through transfers using the Internet, received funds in the form of a virtual cryptocurrency bitcoin, equivalent to the amount of at least 8,240,278 rubles 69 kopecks, as a reward for illegal mass production of narcotic drugs on a particularly large scale," the prosecutor's office said.

The Regional court considered that this is not the legalization of proceeds from crime. But the prosecutor's office did not agree.

"The court imposed a sentence of imprisonment, finally determining the term for serving 11 years and 6 months in a high-security penal colony based on the totality of crimes," the prosecutor's office added.

In July, the Russian Supreme Court overturned part of the acquittal of a drug trafficking defendant, saying that converting cryptocurrencies into rubles could be considered money laundering.

Recently, Anatoly Aksakov, chairman of the State Duma Committee on the Financial Market, assured that after the legalization of cryptocurrencies, all transactions with digital assets will be "under the hood".
 
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